Classic View Resort to Issue 10.50 Lakh Shares in IPO

April 22, 2024 | Investopaper

Classic View Resort has unveiled its intention to launch an Initial Public Offering (IPO). In a strategic move, the resort has partnered with NIC Asia Capital, with an agreement signed on Sunday, to facilitate the IPO process.

Under the agreement, Classic View Resort has enlisted the services of Capital under their Idea to IPO service, encompassing IPO issuance, sales management, and institutional consulting.

The company will offer 10.50 lakh shares in the IPO, representing 14 percent of its issued capital, at a price of Rs. 100  per share.

Situated in Budhanilkantha, Kathmandu, the resort is currently under construction, with construction progress reported at 65 percent. Mukund Raj Kunwar presides over the ambitious project, spanning an expansive 19 ropani area.


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